Short Term
Financing for a General Wholesale Trader MintGrade Rating: B (Very
Good Credit Quality) Borrower: The borrower is a general wholesale trader of a
diverse range of products with a distribution network of over 100 product lines
including coconuts, charcoal and sundry products. Trades are generally done on
a confirmed basis. Payment by the buyer shall be TT against Documents. This is
the 14th Loan Request by the borrower. The first 11 were repaid ahead of
time while 2 remain outstanding with maturity dates of 4th April 2019 and
22nd April 2019 respectively. Debt service coverage ratio in the month of
repayment is projected to be more than 5 times. Loan Size: S$105,000 Tenor: 3 months Gross Interest Rate p.a.: 14.00% Net Interest
Rate p.a. (after Members' Service Fee): 11.90% Minimum
Investment Amount: S$100 Incremental Investment
Amount: S$50 Maximum Investment per
Offer: S$3,000 Repayment Type: One time payment Ultimate Source of
Repayment: Sales from customers We encourage
you to read the Loan Request Fact Sheet prior to making any offer to
participate in the Loan Request. Please note that this document is private and
confidential, provided only to the Member and must not be
forwarded to another person pursuant to advertising guidelines set out by
the Monetary Authority of Singapore.
